A big move by Sainsbury's and Asda to help fight off the increasing threat from the discount retailers and Amazon. Customers will surely benefit but long term, will there really be no closures or major job losses?

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Supermarket giants Sainsbury’s and Asda have confirmed they plan to merge in a blockbuster deal that would hand Asda’s current owner Walmart around £3bn in cash and a 41pc stake in the combined business.